Icon Advisers Inc. Co. Acquires New Holdings in Yandex NV (NASDAQ:YNDX)

Icon Advisers Inc. Co. acquired a new stake in shares of Yandex NV (NASDAQ:YNDX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 36,776 shares of the information services provider’s stock, valued at approximately $1,397,000.

A number of other large investors have also recently modified their holdings of YNDX. Confluence Investment Management LLC lifted its position in Yandex by 2.6% during the first quarter. Confluence Investment Management LLC now owns 10,755 shares of the information services provider’s stock valued at $369,000 after purchasing an additional 270 shares during the last quarter. American Beacon Advisors Inc. lifted its position in Yandex by 44.0% during the first quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 297 shares during the last quarter. Aperio Group LLC lifted its position in Yandex by 4.6% during the second quarter. Aperio Group LLC now owns 8,750 shares of the information services provider’s stock valued at $333,000 after purchasing an additional 384 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Yandex by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 42,300 shares of the information services provider’s stock valued at $1,453,000 after purchasing an additional 674 shares during the last quarter. Finally, KBC Group NV lifted its position in Yandex by 19.3% during the second quarter. KBC Group NV now owns 4,837 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 783 shares during the last quarter. 65.29% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Yandex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th. VTB Capital upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Renaissance Capital upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. ValuEngine lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Yandex from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Yandex currently has a consensus rating of “Buy” and an average price target of $44.20.

Shares of YNDX traded up $0.62 during mid-day trading on Friday, reaching $36.48. The company’s stock had a trading volume of 1,187,000 shares, compared to its average volume of 2,907,650. The stock has a market cap of $11.65 billion, a PE ratio of 38.40 and a beta of 1.92. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 0.05. Yandex NV has a 52 week low of $24.90 and a 52 week high of $42.37. The company’s fifty day moving average price is $38.52 and its two-hundred day moving average price is $36.65.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Friday, July 26th. The information services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.10). The business had revenue of $41.40 billion during the quarter, compared to the consensus estimate of $40.64 billion. Yandex had a return on equity of 12.09% and a net margin of 12.15%. The company’s revenue was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $15.11 earnings per share. Research analysts anticipate that Yandex NV will post 1.19 EPS for the current year.

Yandex Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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